Egypt Stocks End Week with EGP5.3bn Gains, EGX30 Nears 9730

Egypt’s stocks ended this week remarkably higher with gains worth 5.3 billion Egyptian pounds (around US$741 million) bolstered by non-Arab foreign investors’ buying appetite. Accordingly, the country’s main stock index, EGX30 soared on Thursday hovering around 9730 points.

In addition, the Egyptian Exchange’s indices were wavering on green notes during the closing session of Thursday.

Indices

Egypt’s benchmark index EGX30 ended 1.61 per cent higher to 9729.1 pts; while EGX20 finished 1.71 per cent up to 11536.07 pts.

Meanwhile, the mid- and small-cap index, the EGX70 inched up by 1.01 per cent to finish at 631.89 pts. The price index EGX100 also surged by 1.36 per cent to conclude at 1152.48 pts.  
Furthermore, the market capitalization recorded EGP 527.201 billion on Thursday.

Turnovers Cross EGP One billion
Through the closing session of Thursday, the trading volume has reached 149.796 million securities, with turnovers worth EGP 1.055 billion, exchanged through 26.372 transactions.               
Also during the closing session, 173 listed securities have been traded in; 28 declined, 121 advanced; while 21 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers on Thursday capturing 25.46% of the total market, with a net equity of EGP 166.351 million, excluding the deals.

On the other hand, local and Arab investors were net sellers seizing  70.17% and 4.37% respectively of the total markets, with a net equity of EGP 159.814 million and EGP 6.536 million, respectively, excluding the deals.